Tulane University’s A.B. Freeman School of Business and its School of Liberal Arts will benefit from a new $3.5 million gift from Carole B. Boudreaux and her husband, Kenneth.

Their gift will create a scholarship fund for Freeman School graduate students and establish the Kenneth J. Boudreaux MBA ’67 Professorship in Finance, according to a university news release Wednesday (Dec. 12). The couple pledged $2 million to the Freeman School to establish the professorship and to create a new fund to help graduate students pay for tuition and other expenses related to their attendance at the private university, Tulane stated.

“With this generous gift from Ken and Carole Boudreaux, the Freeman School can support the research and teaching activities of an outstanding professor in finance as well as provide financial support to enable the best and brightest students to attend our graduate programs,” Solomon said.

The couple’s gift will also establish the Carole Barnette Boudreaux NC ’65 Creative Writing Endowed Fund, the university stated. The School of Liberal Arts will use its $1.5 million to endow two complementary literary series, a Great Writers Series and an Emerging Writers Series, that will bring internationally prominent writers as well as younger writers to campus for readings, lectures, events and panels, Tulane stated.

Kenneth Boudreaux received his master’s degree from the Tulane School of Business in 1967 and served as a professor of finance and economics at Tulane before his retirement in 2010, the university stated. He received a bachelor of arts degree from Princeton University in 1965 and a Ph.D from the University of Washington in 1970.

Carole Boudreaux received a bachelor of arts degree in English from Newcomb College in 1965. She received a master of education degree from the University of New Orleans in 1973. Their son, Beau Boudreaux, holds a Ph.D in English and is a poet and adjunct professor at Tulane, the university stated.

The couple praised Tulane in a released statement as they reflected on their “half century or so at Tulane as students, faculty and alumni.”

“The university’s consistent integrity, intellectual rigor, success and generous spirit continually impress us. We are delighted to be able to contribute this way,” Kenneth and Carol Boudreaux said.